SA40 Forecast: Softer Commodity Prices Weigh on the Index, CPI Breaches 6%
A steady decline in oil, gold and platinum prices weighed on the index as global equities struggle. SA inflation breaches the 6% target, with implications for the ZAR
Gold Price Update – Sellers in Short-Term Control of XAU/USD
Gold is looking increasingly likely to re-test recent support but traders should be wary of Fed chair Jerome Powell's upcoming testimony on Capitol Hill.
Canadian Dollar Forecast: USD/CAD Awaits Inflaton and Chair Powell’s Testimony
USD/CAD testing key pivot at 1.30 as traders focus on Canadian CPI and Fed Chair Powell’s speech
AUD/USD Forecast: Weaker Commodities and Stronger USD Weigh on Australian Dollar
AUD/USD begins the European session on the backfoot with several headwinds suppressing the commodity linked currency as we look forward to Fed Chair Powell’s testimony.
British Pound: UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher
UK inflation nudged higher in May, keeping the pressure on the Bank of England to take a more aggressive stance on hiking interest rates.
Crude Oil Price Tanks as Recession Fears Grow Ahead of Fed Chair Powell’s Testimony
Crude oil gave up more ground today as risk aversion permeated markets ahead of Powell's testimony before Congress later today. Will WTI break lower?
Gold, Silver Price Forecast: Retail Traders Remain Long Despite the Downside Risks
Gold and silver prices may remain pressured lower amid global monetary tightening. Retail traders remain aggressively net-long XAU/USD and XAG/USD, what does that mean for the road ahead?
Euro Technical Outlook – EUR/USD is at a Crossroads While EUR/JPY has Picked Up Steam
The Euro has bounced back into the range against the US Dollar but appears to have gained momentum against the Japanese Yen. Will EUR/JPY drag EUR/USD higher?
Japanese Yen Weakens to 1998 Low as Nasdaq 100 Rallies, Eyes on Asia-Pacific Trade
The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally…
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Each of the commodity currency central banks are expected to hike rates by at least 50-bps at their next meetings.